Accounting is a profession that necessitates precision and accuracy. It is also a constantly changing business, with new regulations, technology, and tools being introduced on a regular basis. With so much to keep track of, it’s no surprise that accounting professionals are always looking for new ways to stay current on industry developments. The good news is that there are numerous accounting training courses available to assist you in staying current and better understanding the complexities of the profession. These courses can provide you with the skills you need to succeed in your career, ranging from basic bookkeeping to advanced financial analysis. In this blog post, we will look at the top 9 must have accounting training courses list that can help you get ahead in your accounting career.

Statistics on Accounting Training Courses

  1. According to a survey conducted by the Institute of Management Accountants (IMA), the most in-demand skills for accounting professionals in 2021 were financial analysis, strategic thinking, communication, data analytics, and technology proficiency. 
  2. The IMA also reported that the most popular accounting courses in 2021 were those focused on financial planning and analysis, data analytics, and technology. 
  3. In a study conducted by Deloitte, the most important skills for accounting professionals in the future were identified as analytical thinking, communication, data analysis, technology, and business acumen. 
  4. According to the U.S. Bureau of Labor Statistics, employment of accountants and auditors is projected to grow 6% from 2019 to 2029, which is faster than the average for all occupations. This growth is expected to result in the creation of approximately 89,000 new accounting and auditing jobs in the United States. 

Accounting Training Courses

Top 9 Must Have Accounting Training Courses List

1. Accounts Assistant Professional

Consider taking one of these top accounting courses if you want to start a career in accounting or advance your current accounting knowledge. These courses will provide you with the knowledge and skills required to succeed in the field of accounting.

This course is designed for those who want to work as an accounts assistant in the accounting field. Topics covered in the course include double entry bookkeeping, financial statements, and spreadsheet software. Students who complete this course will be able to apply for positions as an accounts assistant or a similar role.

  • Certified Public Accountant (CPA) Exam Preparation Course

This course is intended to prepare students for the Certified Public Accountant (CPA) exam. Auditing, taxation, and financial reporting are among the topics covered in the course. Students who finish this course will be better prepared to take the CPA exam and work in the accounting field.

  • Intermediate Accounting Course

This course is intended for those who have some accounting experience but want to expand their knowledge. Advanced financial statements, managerial accounting, and cost accounting are among the topics covered in the course. Students will have a better understanding of how businesses operate financially after completing this course and will be able to apply this knowledge in their future careers.

 

2. Financial Accounting and Reporting

It is critical to have the proper training if you want to have a successful accounting career. Accounting courses are available in a variety of formats, but not all of them are created equal. The following are the top must-have accounting courses that will help you advance in your career:

  • Financial Accounting and Reporting

This course will introduce you to the fundamentals of financial accounting and reporting. Balance sheets, income statements, and cash flow statements will be covered. You will also learn about double-entry bookkeeping and financial statement preparation.

  • Managerial Accounting

This course delves into more advanced accounting topics such as cost analysis, budgeting, and decision-making tools. You will discover how to use accounting data to make decisions that benefit an organization’s bottom line.

  • Taxation

You will learn about tax laws and how to prepare tax returns in this course. You will become acquainted with various types of taxes, including income taxes, property taxes, and sales taxes. You will also learn about tax planning and how to reduce your tax liability.

  • Auditing

This course will introduce you to the fundamentals of auditing, such as internal controls, risk assessment, and financial statement audits. You will learn how to detect and prevent fraud, as well as the Sarbanes-Oxley compliance requirements.

  • Financial Statement Analysis

This course will teach you how to analyze financial statements and make sound decisions. You will learn how to read and understand balance sheets, income statements, and cash flow statements. You will also learn about ratio analysis and forecasting techniques.

 

3. Efficient Finance and Accounting Operations

It is critical for the success of any business that its financial and accounting operations run smoothly. There are a variety of training courses available to assist businesses in achieving this goal. The following is a list of some of the most popular courses:

  • Financial Accounting Fundamentals

This course covers the fundamentals of financial accounting, including double-entry bookkeeping, ledgers and journals, financial statements, and other topics. It is ideal for those who are new to accounting or need to brush up on the fundamentals.

  • Intermediate Accounting

This course expands on the concepts covered in Financial Accounting Fundamentals by covering more advanced topics like revenue recognition, inventory valuation, and depreciation. It is ideal for those who want to learn more about accounting principles.

  • Managerial Accounting

Students will learn about managerial accounting concepts such as cost analysis, budgeting, and performance measurement in this course. It is ideal for students interested in management or becoming certified public accountants (CPAs).

  • Taxation

This course covers fundamental tax principles such as tax rates and brackets, deductions and credits, tax planning strategies, and more. It’s ideal for anyone who wants to learn more about taxes or who needs to prepare their own tax returns.

  • Auditing

This course covers the fundamentals of auditing, such as risk assessment, audit engagement planning, and examining a company’s internal controls, among other topics. It is ideal for those interested in pursuing a career in auditing or becoming certified internal auditors (CIAs).

  • Financial Statement Analysis

This course introduces students to financial statement interpretation and analysis, including ratio analysis, cash flow statements, and more. It is ideal for those wishing to work as investment advisors or financial analysts.

 

Accountants and Business Professionals

4. Excel 2010 for Accountants and Business Professionals

Excel 2010 is a robust spreadsheet application that can assist accountants and business professionals in streamlining their operations. Excel’s most recent release includes new features and tools that can make working with financial data easier and more efficient.

If you’re an accountant or a business professional who wants to get the most out of Excel, you should consider taking a training course. Some of the best Excel courses for accountants and business professionals are as follows:

  • Introduction to Excel 2010 for Business Professionals

This Microsoft course provides a thorough overview of how to use Excel in a business setting. You’ll learn how to create and format spreadsheets, enter and analyze data, and automate tasks with formulas and functions.

  • Advanced Excel 2010 for Accountants

This CPA Canada course covers advanced Excel features and tools that can be used for accounting tasks. You’ll learn how to work with large amounts of data, create charts and graphs, and analyze your data using pivot tables.

  • Financial Modeling in Excel 2010

This Wall Street Prep course teaches you how to create financial models in Excel using real-world examples. You’ll learn about different types of financial models, how to structure your data, and how to perform calculations using formulas and functions.

  • Using Excel for Project Management

PMI’s Excel for Project Management course teaches you how to use Excel for project management tasks like scheduling, resource allocation, budgeting, and tracking project progress. You’ll discover how to use the Gantt chart, PERT charts, and other Excel features to help you manage projects more effectively.

Taking a training course, regardless of which course you choose, can help you become more proficient with Excel and get the most out of it for your accounting or business needs.

 

5. Accounts Payable: From Accounting to Management

As a business owner, you are constantly looking for ways to increase your profits. One way to accomplish this is to ensure that your employees receive adequate accounting training. 

This course will teach your employees everything they need to know about accounts payable. They will be taught how to manage and control their spending as well as how to process invoices and payments. This course is required for any business owner who wants to keep track of their cash flow.

Here is a list of the top accounting training courses that everyone should take:

  • Financial Statement Analysis

Your employees will learn how to read and understand financial statements in this course. They will also learn how to recognise trends and red flags that may indicate financial issues within your company. This course is required for any business owner who wishes to keep track of their finances.

  • QuickBooks Pro

QuickBooks Pro is the most popular accounting and bookkeeping software for small businesses. Your employees will learn how to use QuickBooks Pro effectively and efficiently in this course. This course is required for any business owner who wants their employees to be able to use existing software.

 

Accounting for Investments and Financial Instruments Workshop

6. Accounting for Investments and Financial Instruments Workshop

Investments and financial instruments can be difficult to understand. This workshop will give you the tools and knowledge you need to account for your investments and financial instruments correctly. You’ll learn about various types of investments and financial instruments, as well as how to value them and record them in your accounting records. This workshop is required for anyone who wishes to ensure that their investment and financial instrument portfolios are properly accounted for.

Objectives:

  1. Understand the various types of investments and financial instruments, as well as the risks associated with them.
  2. Understand how to value various types of investments and financial instruments.
  3. Create strategies for recording and accounting for investments and financial instruments in your accounting records.
  4. Gain a hands-on understanding of how taxation affects investments and financial instruments.
  5. Learn about the legal requirements for investing in various markets around the world.

 

7. Accounting and Comparison of IFRS and GAAP

To be a successful accountant, you must have a solid understanding of both IFRS and GAAP. The International Financial Reporting Standards, or IFRS, are a set of accounting standards that are used globally. The accounting standards used in the United States are known as GAAP, or Generally Accepted Accounting Principles.

  • While there are some similarities, there are also some significant differences between IFRS and GAAP. It is critical to understand both sets of standards in order to prepare financial statements correctly. Among the key distinctions between IFRS and GAAP are:

 

  • The method of valuing inventory. Inventory must be valued at the lower of cost or market value under GAAP. Inventory can be valued at cost or net realizable value under IFRS.

 

  • Certain types of expenses are treated differently. For example, under GAAP, R&D expenses must be capitalized, whereas under IFRS, they can be expensed as they are incurred. The method by which certain assets are recorded on the balance sheet. Intangible assets, for example, must be amortized under GAAP, whereas they can be carried at their fair value under IFRS.

If you want to be an accountant, you must have a solid understanding of both IFRS and GAAP. Understanding the key differences between these two sets of standards will enable you to properly prepare financial statements and will give you a competitive advantage in your career.

 

8. Fast Closing Monthly and Year-End Accounts

At the end of each month or fiscal year, most businesses close their books. This ensures that all transactions are properly recorded and accounted for in the financial statements. Some businesses, however, may lack the manpower or resources to close their books on time. As a result, they may need to enroll in accounting training courses that teach them how to close monthly and year-end accounts quickly.

Typically, these accounting training courses will teach students how to use various software programs to automate the bookkeeping process. Furthermore, students will learn about various accounting methods and principles that can be used to quickly and efficiently close monthly and year-end accounts.

Students should be able to close monthly and year-end accounts accurately and quickly by the end of the course. This will allow them to generate accurate financial statements for business decisions and tax purposes.

Overall, taking an accounting training course to learn how to quickly close monthly and year-end accounts is an excellent way to improve bookkeeping efficiency. It also ensures that businesses can generate accurate financial statements on time.

 

Accounts Receivable and Credit Policies Management

9. Accounts Receivable and Credit Policies Management

Accounts Receivable (AR) is one of the most important aspects of the accounting department in any business. This course will teach you how to effectively and efficiently manage accounts receivable and credit policies. You will learn how to set up an AR system, identify potential problem areas, and develop collection-improvement strategies. Anyone who wants to work in or manage an accounting department should take this course.

  • Understanding Credit Reporting:

This course will teach you the fundamentals of credit reports and how they affect a company’s financing and operations. You’ll learn about various types of credit, such as consumer and business credit, as well as the significance of managing and monitoring credit accounts. You’ll also learn about the legal aspects of credit reporting, such as the Fair Credit Reporting Act (FCRA) regulations.

  • Developing Strategies for Risk Mitigation:

This course will teach you risk-mitigation strategies for accounts receivable processes. You’ll learn about risk management techniques like credit scoring and financial statement analysis, as well as effective collection strategies. You will also learn to identify potential problem areas that may result in losses and develop strategies to mitigate them.

 

Conclusion

Accounting training courses can be a valuable resource for anyone looking to enter the accounting field or simply refresh their current knowledge. With so many options available, it can be difficult to determine which ones are necessary and worth investing in. We hope that our list of the top 9 must-have accounting training courses has provided you with some insight into what is required and a good starting point for selecting your own course.